Enterprise Products Partners (NYSE:EPD) Stock Rating Upgraded by Wall Street Zen

Enterprise Products Partners (NYSE:EPDGet Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

EPD has been the subject of several other reports. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Scotiabank upped their price objective on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. Jefferies Financial Group reissued a “hold” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Finally, Citigroup restated a “buy” rating and set a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Hold” and a consensus price target of $37.14.

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Enterprise Products Partners Stock Up 0.3%

NYSE:EPD opened at $37.55 on Friday. The business’s fifty day moving average price is $35.33 and its 200 day moving average price is $32.94. The firm has a market capitalization of $81.18 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.50 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. Enterprise Products Partners has a 1-year low of $27.77 and a 1-year high of $38.22.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same period last year, the company posted $0.74 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Insider Transactions at Enterprise Products Partners

In related news, Director John R. Rutherford bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average price of $32.09 per share, with a total value of $481,350.00. Following the completion of the transaction, the director owned 173,586 shares of the company’s stock, valued at $5,570,374.74. The trade was a 9.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.60% of the company’s stock.

Institutional Trading of Enterprise Products Partners

Several hedge funds and other institutional investors have recently bought and sold shares of EPD. Alps Advisors Inc. raised its position in shares of Enterprise Products Partners by 0.6% during the fourth quarter. Alps Advisors Inc. now owns 42,639,131 shares of the oil and gas producer’s stock valued at $1,367,011,000 after buying an additional 260,305 shares during the last quarter. Auto Owners Insurance Co lifted its stake in shares of Enterprise Products Partners by 3,106.0% in the fourth quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock valued at $102,784,000 after buying an additional 31,060,000 shares during the period. Invesco Ltd. grew its position in Enterprise Products Partners by 0.3% during the second quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock worth $830,671,000 after buying an additional 69,505 shares in the last quarter. Morgan Stanley increased its stake in Enterprise Products Partners by 4.8% during the fourth quarter. Morgan Stanley now owns 19,116,333 shares of the oil and gas producer’s stock valued at $612,870,000 after acquiring an additional 883,983 shares during the period. Finally, American Century Companies Inc. increased its stake in Enterprise Products Partners by 1.4% during the second quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer’s stock valued at $578,406,000 after acquiring an additional 252,513 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Key Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

About Enterprise Products Partners

(Get Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

Further Reading

Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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